des moines SINGLE-FAMILY HOME - AUGUST 2 0 2 4
MONTHS OF INVENTORY 1.6 SELLERS' MARKET
▶ MARKET SUMMARY
AVERAGE PRICE
MEDIAN PRICE
TOTAL INVENTORY
SALES
▲ 1.9% VS 2023
▲ 7% VS 2023
▲ 125% VS 2023
▲ 50% VS 2023
There were 63 single-family home listings in Des Moines in August, 5% above July and 125% higher than August 2023. August single-family home sales increased by 44% month-over-month, to 39, and were 50% above August 2023. The months of inventory for single-family home in Des Moines, at 1.6, re'ected a sellers' market. The single-family home median price in August was $625,000, a 7% decrease from July and 7% above August 2023. The average sold price was $651,185, 13% below last month and up 1.9% to August 2023.
THIS MONTH No.
PREVIOUS MONTH No.
PREVIOUS YEAR
No.
% Change
% Change
TOTAL INVENTORY TOTAL SALES MONTHS OF INVENTORY MEDIAN SOLD PRICE AVERAGE SOLD PRICE
39 63
26 28
1.9% 7% 50% 50% 125%
27 60
-13% -7% -27% 44% 5%
$651,185 $625,000 1.6
$747,662 $675,000 2.2
$638,900 $585,500 1.1
▶ MEDIAN DAYS ON MARKET
▶ RECENT TRENDS
● SALES ● TOTAL INVENTORY ● MEDIAN PRICE
60
36
36
63
31
39
38
44
35
34
33
28
28
36
36
34
26
30
29
20
27
25
25
22
21
20
20
14
13
$675K
$640K
$635K
$627K
$623K
$625K
$595K
$586K
$581K
$568K
$567K
$570K
$562K
Aug-23
Jul-24
Aug-24
▶ TOTAL LISTINGS & SALES BY PRICE RANGE
SELLERS' MARKET < 4
BALANCED 4 - 6
BUYERS' MARKET 6+
● SALES ● TOTAL INVENTORY ● MONTHS OF INVENTORY
16
6.0
14
12
10
3.0
8
6
1.7
1.0
1.0
4
0.7
0.5
2
0
<$300K
$300K-399K
$400K-499K
$500K-599K
$600K-699K
$700K-799K
$800K-899K
$900K-999K
$1M+
MOI INVENTORY SALES
2 1 0.5
2 2 1.0
10 10 1.0
15 10 0.7
7 12 1.7
0 13 n/a
1 3 3.0
2 12 6.0
Information and statistics derived from Northwest Multiple Listing Service. Copyright © 2024 rennie group of companies. All rights reserved. This material may not be reproduced or distributed, in whole or in part, without the prior written permission of the rennie group of companies. Current as of September 9, 2024. While the information and data contained herein has been obtained from sources deemed reliable, accuracy cannot be guaranteed. rennie group of companies does not assume responsibility or liability for any inaccuracies. The recipient of the information should take steps as the recipient may deem necessary to verify the information prior to placing any reliance upon the information. The information contained within this report should not be used as an opinion of value, such opinions should and can be obtained from a rennie and associates advisor. All information is subject to change and any property may be withdrawn from the market at any time without notice or obligation to the recipient from rennie group of companies. E.&O.E. 22 ●
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